Rep. Budd Touts the Real-World Impact of Tax Reform on Manufacturers and Workers at Power Curbers, Inc.

Salisbury, NC – The National
Association of Manufacturers (NAM) and Power Curbers, Inc. hosted Rep. Ted Budd
(R-NC) for a facility tour to meet employees and a business leader roundtable
on Monday to discuss the real-world impact of tax reform and other ways
Congress can better serve the interests of North Carolina manufacturers,
manufacturing workers and their families.

“When Rep. Budd cast his vote for tax reform
last year, he sent an unmistakable message that he stands with North Carolina
manufacturing workers. Today, North Carolinians are seeing the good news and
positive results of tax reform for themselves in the form of new jobs, rising
wages, bonuses and manufacturing growth,” said NAM President and CEO Jay Timmons.
“Last year, manufacturers told Congress that if they delivered tax reform, we
would deliver for our people and our communities. Rep. Budd and his colleagues
did their part, and now manufacturers are keeping our promise.”

During the visit, company leaders thanked Budd
for voting in favor of the historic tax reform package and reiterated their
optimism for the future of manufacturing in North Carolina.

"The
positive changes we are seeing throughout the U.S. economy thanks to the GOP
Tax Cuts and Jobs Act cannot be overstated,” said Budd. “We have seen a major power
shift from bureaucrats in Washington to every day Americans. People are seeing
more money in their paychecks, more job opportunities and consumer confidence
is at an 18-year high. We know that the manufacturing industry has not escaped
this good news. Crediting the GOP tax cuts, 93 percent of manufacturers
say they have a positive outlook, 86 percent say they plan to increase
investments and 77 percent plan to increase hiring. The manufacturing industry
is a major part of this overall economic success and I will continue to look
for ways to get government out of the way of this important economic
engine."

The roundtable focused on the importance of
building on the momentum of tax reform to ensure manufacturers can continue to
invest in their businesses and workers.

“All of us at Power Curbers Companies are
pleased with Rep. Budd’s vote to enact the new tax law,” said Dyke Messinger, President of Power
Curbers, Inc. “Our employment has grown since the law was
enacted; we paid a bonus for 2017 and will pay another bonus for the first six
months of 2018. In addition, we are investing heavily in R&D, which
will continue to strengthen the company for the long term.”

Manufacturing contributes an estimated $2.25
trillion to the U.S. economy and supports 460,200
jobs in North Carolina alone, according to the NAM. In the six
months since tax reform was enacted, the manufacturing industry has added
115,000 jobs—double the 63,000 created over the same period last year.

-NAM-

The National Association of Manufacturers
(NAM) is the largest manufacturing association in the United States,
representing small and large manufacturers in every industrial sector and in
all 50 states. Manufacturing employs more than 12 million men and women, contributes $2.25
trillion to the U.S. economy annually, has the largest economic impact of any
major sector and accounts for more than
three-quarters of private-sector research and development. The NAM is the powerful
voice of the manufacturing community and the leading advocate for a policy
agenda that helps manufacturers compete in the global economy and create jobs
across the United States. For more information about the Manufacturers or to
follow us on Shopfloor, Twitter and Facebook, please visit www.nam.org.